Financial Statements and Operating Statements. Furnish, or cause to be furnished to the Lender. annual Financial Statements for itself. Monthly Operating Statements shall be submitted to the Lender when requested by the Lender and for any period during which any Event of Default is continuing. Operating Statements shall be delivered to the Lender within forty-five (45) days of the end of each of the Borrower's fiscal quarters, and an annual Financial Statements shall be submitted to the Lender within ninety (90) days of the Borrower's fiscal year end in lieu of an Operating Statement for the Borrower's fourth fiscal quarter. Without limiting any other rights available to the Lender under this Loan Agreement or any of the other Loan Documents, in the event the Borrower shall fail to timely furnish the Lender any Financial Statement in accordance with this subsection, the Borrower shall promptly pay to the Lender a penalty in the amount of $ 1,000.00 for each such failure.
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Sources: Loan Agreement (Brassie Golf Corp)
Financial Statements and Operating Statements. Furnish, or cause to be furnished to the Lender. , annual Financial Statements for itself. Monthly Operating Statements shall be submitted to the Lender when requested by the Lender and for any period during which any Event of Default is continuing. Operating Statements shall be delivered to the Lender within forty-five (45) days of the end of each of the Borrower's fiscal quarters, and an annual Financial Statements shall be submitted to the Lender within ninety one hundred twenty (90120) days of the Borrower's fiscal year end in lieu of an Operating Statement for the Borrower's fourth fiscal quarter. Without limiting any other rights available to the Lender under this Loan Agreement or any of the other Loan Documents, in the event the Borrower shall fail to timely furnish the Lender any Financial Statement in accordance with this subsection, the Borrower shall promptly pay to the Lender a penalty in the amount of $ $1,000.00 for each such failure.
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